-compliant Spot Gold contract is certified by reputed Sharia
scholars and in line with AAOIFI standards (Accounting and Auditing Organization for Islamic Financial Institutions).
Dubai: The Dubai Gold and Commodities Exchange (DGCX) plans to launch a Sharia
compliant Spot Gold contract from March 29, and has announced INTL FCStone as the market maker for the product.
The regulations are the first-ever holistic Sharia
governance framework introduced by the corporate sector regulator as all the earlier frameworks were only related to limited products or sectors.
An inquiry into sharia
councils in London, Birmingham, Bradford and Dewsbury said problems were partly a result of couples marrying in religious ceremonies which were not valid in UK law.
She said: "We hope that our recommendations, Sharia
law jurisdiction in we would not endorse regulation, could present as an to UK Home which result largely from the evidence we heard, can reduce discrimination and offer possible ways forward to help Muslim women gain greater confidence and agency over their lives.
As well as sharia
, we see product structure and documentation, supervisory and regulatory frameworks, law and dispute resolution, and financial and accounting reporting as the main areas where standardisation would be advantageous.
Rafa National Savings will have a dedicated Sharia
Board, comprising of local and international
The ratings agency said the rules issued by the Central Bank of Bahrain (CBB) on September 9 will lead to a more consistent and robust system for ensuring Sharia
compliance for Islamic products and most importantly Sukuk issued in Bahrain, and will reduce the possibility that issuers cite non-compliance as a defence against payment.
Ergene describes the relationship between Islamic law and Ottoman legislation and notes the ways in which the existence of a body of Ottoman public law can nuance our understanding of Sharia
This event helps facilitate the sharing of best practices whilst simultaneously addressing the challenges faced by the Sharia
business teams today and, as the main founder of this Forum, we remain fully committed to the UAE's ambition of making Dubai the global capital of the Islamic economy," said Moosa Khoory, Head of Sharia
The Montana legislature has now approved a bill to ban Sharia
law in the state, the first state legislature to approve such a law in two years.
economy analyst, Adiwarman Azwar Karim, said during a seminar in Indonesia that Islamic banks need to focus on the retail segment because it has been strong in the past few years.
UAE-based developer Damac Properties has obtained Sharia
-compliant certification for its shares from Dar Al Sharia
Islamic Finance Consultancy for purposes of investment and trading.
Multiculturalism, Islamic Fundamentalism & Sharia
Councils is a harsh criticism of how the free rein of Sharia
councils in Europe, particularly Britain, enables oppression and injustice.
Shariyah Review Bureau (SRB) is enlisted by Kazakhstans Zaman Bank to deliver a new set of Sharia
compliant financial experiences to retail customers in the Republic.